Archives for: November 2008, 14
Renting To Tenants With Dogs - What You Should Know About Your Liability
November 14th, 2008Did you know that dog bites make up one-third of all homeowner insurance liability claims? I just read this alarming tidbit in the November issue of the AAA newsletter. If you are a landlord who rents to tenants with dogs, then this statistic should give you pause.
Many insurance companies won't cover liability for dog bites for your rental policy. Depending on the state that you live in, it is not clear that your tenant can get personal liability insurance to cover dog bites either.
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$119.07 per sq ft in Colorado Springs
November 14th, 2008I want to share with you some information about a property in Colorado Springs located at 2927 Dakota Dr. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
This 3/1.00 907 square foot property has an asking price of $108,000, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $129,600 (120%) | $142.89/square foot |
| $124,200 (115%) | $136.93/square foot |
| $118,800 (110%) | $130.98/square foot |
| $113,400 (105%) | $125.03/square foot |
| $108,000 Full Price | $119.07/square foot |
| $102,600 (95%) | $113.12/square foot |
| $97,200 (90%) | $107.17/square foot |
| $91,800 (85%) | $101.21/square foot |
| $86,400 (80%) | $95.26/square foot |
As you can see from the table above, if you know what a typical Colorado Springs property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
And if you are looking for more information on how to find real estate deals in Colorado Springs, then you may also be interested in checking out the audio CD real estate course Finding Motivated Sellers to Find the Best Real Estate Deals that Jassen recorded. It teaches you how to find motivated sellers in Colorado Springs so that you can find some amazing deals.
Until next time,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!